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Aerospace Industry Forecast

As part of its customer base, the forging industry boasts many dynamic markets, including automotive, aerospace, energy exploration and production, power generation and others. The aerospace industry is a major consumer of our industry’s output, and that industry looks to ours to supply a wide range of quality mission-critical and commodity components alike.

Recently, the world’s two largest suppliers of aircraft for passenger and freight applications – Boeing and Airbus – released their individual 20-year projections on demand for aircraft. Since these forecasts tie in directly to projected demand for certain forged components, a summary view of these reports is appropriate.